IC 8-14-15.2-7: Trust established as an irrevocable trust; termination of trust
Where this section sits in the code
- TITLE 8. UTILITIES AND TRANSPORTATION
- ARTICLE 14. HIGHWAY FINANCES
- Chapter 15.2. Next Generation Trust Fund
Sec. 7. A trust established under this chapter must be an irrevocable trust and may not be revoked or terminated by the authority or any other person, nor may it be amended or altered by the authority or any other person. However, the terms of the trust must provide that the trust terminates when no funds remain in the trust.
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